Elliott Management Corp, a hedge fund known for its high-profile shareholder-activist campaign, wants to join the Ceasing SPAC Craze. The firm, founded by billionaire Paul Singer, is meeting with bankers about raising …
Read More »Netflix to Produce Projects about MGM Race Gameplate Saga
LOS ANGELES – The ending has not been written yet, but the Hollywood Gamestop investment is quickly moving to bring the story of the saga to screen. Netflix Inc. NFLX, separate projects …
Read More »Robinhood raises another $ 2.4 billion from shareholders
Robinhood has been flooded with demand for trading a handful of popular stocks over the past week. Photo: Tiffany Hagler-Geard / Bloomberg News Updated February 1, 2021 at 12:09 pm ET Robinhood …
Read More »Melvin Capital lost 53% in January, Gametop and other bets hurt
Melvin Capital Management, a hedge fund that has recently taken the brunt of losses from soaring stock prices, lost 53% in January, according to people familiar with the firm. Melvin was founded …
Read More »GameStop Revolution Driving Real Army
It was the week when a swarm of amateur traders made Wall Street the best of idiots. Between January 25 and January 29, a ragtag army of individuals sent shares to Gametop …
Read More »US Stock Futures Creates Gameplate Mania
US stock futures fell as retail investors bounced Gametop and other stocks, pointing to a volatile end to 2021 in the first month of trading. The futures linked to the S&P 500 …
Read More »Amid the Gametop-led frenzy, Jefferies says there is ‘a lot of air’ to come out of a risky property. Another strategist says wait for Dip to buy
The market is implicated in a fighting chair as another day of retail-led feeding frenzy over short-stocks is about to come online. If you thought the trading frenzy was a limited battle …
Read More »Apollo CEO Leon Black stepped down after reviewing Jeffrey Epstein relationship
Leon Black planned to step down as chief executive of Apollo Global Management Inc., after an independent review expected big payouts to the notorious financier Jeffrey Epstein that it was still considered …
Read More »$ 2.75 billion investment in Melvin Capital Management from Citadel, Point 72
Citadel Fund LLC and Point 72 Asset Management are investing $ 2.75 billion in Citadel Fund Alvin Capital Management, which has been hit hard by a series of small bets to start …
Read More »Goldman Sachs is super high on recovery this year. But what can go wrong here
US stocks are set to start a bumper week of earnings in a suppressed manner. Apple AAPL, + 1.61%, Tesla TSLA, + 0.20%, Facebook fb, + 0.60% And Microsoft MSFT, + 0.44% …
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